MDA Space Ltd. reports a significant boost in Q3 net income to $29.5M, with revenue up 40% to $282.4M.

MDA Space Ltd. reported a significant increase in third-quarter net income to $29.5 million, up from $9.3 million last year, with revenue rising nearly 40% to $282.4 million. The largest growth came from satellite systems, which reached $167.6 million, while robotics and space operations rose to $66.5 million. Geointelligence revenue remained steady at $48.3 million. The company now forecasts full-year revenue between $1.045 billion and $1.065 billion.

November 15, 2024
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